
March ICE NY cocoa (CCH26) today is down -479 (-9.44%). March ICE London cocoa #7 (CAH26) is down -336 (-9.21%).
Cocoa prices are plunging today, with NY cocoa posting a 2-year nearest-futures low and London cocoa posting a 2.25-year nearest-futures low. Cocoa prices are falling due to concerns that weak global cocoa demand will lead to larger cocoa surpluses. Last week's cocoa grinding data from Europe has dampened hopes of a near-term recovery in cocoa demand.